AZ HB2280

Amends Arizona Revised Statutes section 48-633 regarding municipal investment bonds and bond election procedures.

Corrects publication requirement for bond election resolutions from section 39-121 to section 39-204.

Requires majority vote of qualified voters at special election to authorize bond issuance, with bonds payable over 10-20 years as determined by governing body.

Specifies bonds must be issued in $100-$1,000 denominations with interest rates set by accepted bid not to exceed maximum rate in election resolution, with semiannual interest payments.

Requires governing body to establish tax levies or other funding mechanisms to cover interest payments and bond redemption costs.